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  "authorName": "David Einhorn",
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  "presentationDate": "2016-11-28 00:00:00",
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      "text": "Remember that before the deal was announced, Bayer was trading at a 14x multiple. Since May, expectations in pharma have improved and most everything else is unchanged, but the stock trades with a big penalty for the possible Monsanto deal. It seems to us that if the deal breaks, the stock should recover. There would be a good party for Bayer shareholders. With cake. And we like cake.",
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